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#479440 - 01/13/09 11:46 AM Oil Manipulation traced to Enron
stlhead Offline
River Nutrients

Registered: 03/08/99
Posts: 6732
What? Nobody watched 60 minutes about Wall Street speculation in Oil futures which almost tripled the price of oil last year at a time when demand actually fell? Enron rears it's ugly head again:

http://www.cbsnews.com/stories/2009/01/08/60minutes/main4707770.shtml

""You'd have to say Enron," he replied. "This was something they desperately wanted, and they got."

Greenberger, who wanted more regulation while he was at the Commodity Futures Trading Commission, not less, says it all happened when Enron was the seventh largest corporation in the United States. "This was when Enron was riding high. And what Enron wanted, Enron got."

Asked why they wanted a deregulated market in oil futures, Greenberger said, "Because they wanted to establish their own little energy futures exchange through computerized trading. They knew that if they could get this trading engine established without the controls that had been placed on speculators, they would have the ability to drive the price of energy products in any way they wanted to take it."

"When Enron failed, we learned that Enron, and its conspirators who used their trading engine, were able to drive the price of electricity up, some say, by as much as 300 percent on the West Coast," he added.

"Is the same thing going on right now in the oil business?" Kroft asked.

"Every Enron trader, who knew how to do these manipulations, became the most valuable employee on Wall Street," Greenberger said. "
_________________________
"You learn more from losing than you do from winning." Lou Pinella

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#479450 - 01/13/09 01:16 PM Re: Oil Manipulation traced to Enron [Re: stlhead]
Salmo g. Offline
River Nutrients

Registered: 03/08/99
Posts: 13505
Yeah, I saw that. Deregulation at its finest, ya' know, the free market being the best alternative for all Americans and such. Commodity speculation needs no regulation? Now if this Dem. Congress has a hair on its ass, they'll be closing that loophole this year.

Sg

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#479454 - 01/13/09 01:26 PM Re: Oil Manipulation traced to Enron [Re: Salmo g.]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
You wouldn't need regulation if you'd allow some swift and Draconian vigilante justice to rain down on the asses of these piece of sh!t traders.

You think if six of them turned up disemboweled and burned in Times Square, that any of the rest of them would have the sack to try it again?

I doubt it.
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

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#479475 - 01/13/09 04:24 PM Re: Oil Manipulation traced to Enron [Re: Dan S.]
AP a.k.a. Kaiser D Offline
Hippie

Registered: 01/31/02
Posts: 4450
Loc: B'ham
I like Dan's idea.

Vigilante justice has a place in society.

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#479480 - 01/13/09 05:13 PM Re: Oil Manipulation traced to Enron [Re: Dan S.]
Mikespike Offline
MPD

Registered: 01/02/08
Posts: 2544
Loc: Santa Rosa, CA
Originally Posted By: Dan S.
You wouldn't need regulation if you'd allow some swift and Draconian vigilante justice to rain down on the asses of these piece of sh!t traders.

You think if six of them turned up disemboweled and burned in Times Square, that any of the rest of them would have the sack to try it again?

I doubt it.


Dan S. is a softy compared to me. I would take all their assetts, yes including swiss/offshore, and force them to work at minimum wage jobs the rest of their lives. Hell, maybe we could conscript them into service in Iraq as well. Oh yeah, and weekends cleaning port-a-potties!
_________________________
Don't believe everything that you think.

"Holy hell son, you're about as useful as a cock flavored lollipop."

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#479482 - 01/13/09 05:22 PM Re: Oil Manipulation traced to Enron [Re: Mikespike]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
How about Port-a-Potties filled with deadly snakes?

Or a minimum-wage job of setting each other on fire?

I'd be OK with that.

smile
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

Top
#479487 - 01/13/09 05:58 PM Re: Oil Manipulation traced to Enron [Re: Dan S.]
Irie Offline
River Nutrients

Registered: 11/26/06
Posts: 4317
Loc: South Sound
Good idea, Dan.

You bring the torches and pitch forks, I'll bring the tar & feathers.

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#479490 - 01/13/09 06:02 PM Re: Oil Manipulation traced to Enron [Re: Irie]
John Lee Hookum Offline
River Nutrients

Registered: 10/12/01
Posts: 2453
Loc: Area 51
Now that's some funny sh!t! rofl
_________________________

Whoever undertakes to set himself up as a judge of
Truth and Knowledge is shipwrecked by the laughter
of the gods.

-- Albert Einstein



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#479496 - 01/13/09 06:56 PM Re: Oil Manipulation traced to Enron [Re: Dan S.]
Mikespike Offline
MPD

Registered: 01/02/08
Posts: 2544
Loc: Santa Rosa, CA
Originally Posted By: Dan S.
How about Port-a-Potties filled with deadly snakes?

Or a minimum-wage job of setting each other on fire?

I'd be OK with that.

smile


Dan-

I'm thinking long term misery - I don't want those phukkers to get out of it quickly. I do like the minimum wage fire setting though! rofl
_________________________
Don't believe everything that you think.

"Holy hell son, you're about as useful as a cock flavored lollipop."

Top
#479500 - 01/13/09 07:14 PM Re: Oil Manipulation traced to Enron [Re: Mikespike]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
OK.........half of them get paid minumum wage to set themselves on fire, the other half get paid minumum wage to put them out.

Then tomorrow, they switch jobs.

smile
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

Top
#479502 - 01/13/09 07:20 PM Re: Oil Manipulation traced to Enron [Re: Dan S.]
Jerry Garcia Offline



Registered: 10/13/00
Posts: 9013
Loc: everett
I wouldn't piss on them if they were on fire.
_________________________
would the boy you were be proud of the man you are

Growing old ain't for wimps
Lonnie Gane

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#479510 - 01/13/09 08:39 PM Re: Oil Manipulation traced to Enron [Re: Jerry Garcia]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
There won't be any need for you to do that anyway, JG. We have a crew lined up to do that very thing for a very reasonable wage.

smile
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

Top
#479530 - 01/13/09 10:39 PM Re: Oil Manipulation traced to Enron [Re: ]
Dogfish Offline
Poodle Smolt

Registered: 05/03/01
Posts: 10878
Loc: McCleary, WA
The story where someone stole $20 million of diesel actually warmed my heart.
_________________________
"Give me the anger, fish! Give me the anger!"

They call me POODLE SMOLT!

The Discover Pass is brought to you by your friends at the CCA.

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#479587 - 01/14/09 11:45 AM Re: Oil Manipulation traced to Enron [Re: Dogfish]
stlhead Offline
River Nutrients

Registered: 03/08/99
Posts: 6732
I'm thinking mine sweeping chain gangs.
_________________________
"You learn more from losing than you do from winning." Lou Pinella

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#479588 - 01/14/09 11:45 AM Re: Oil Manipulation traced to Enron [Re: stlhead]
stlhead Offline
River Nutrients

Registered: 03/08/99
Posts: 6732
And sell tickets.
_________________________
"You learn more from losing than you do from winning." Lou Pinella

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#479603 - 01/14/09 03:03 PM Re: Oil Manipulation traced to Enron [Re: stlhead]
litlcleo Offline
shiny thingy

Registered: 12/22/08
Posts: 134
Loc: hood canal
All joking aside I do not see how either side can justify letting these crooks off.I t would also be a hard sale to tell me that congress just uncovered this loop hole and what was really going on with oil prices.Some in congress new exactly what was going on.Members on both sides.If this was not true then the new administration would be a little more exited for justice.There not even talking about it at this point.Tells me a whole lot.

I do believe that if the president elect was left to act on his own, these crooks would not get away with destroying our economy like they have.Politics at its best.One can only hope.It would go along ways to support the campaign on change.
_________________________

With the population ballooning out of control, there
are bound to be more and more fishermen clogging up our rivers. All of
these fishermen have one thing in common: They come to the Olympic
Peninsula seeking solitude.”
Pat Neal

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#479607 - 01/14/09 03:39 PM Re: Oil Manipulation traced to Enron [Re: litlcleo]
Salmo g. Offline
River Nutrients

Registered: 03/08/99
Posts: 13505
I was all for Dan's idea of criminal justice, and then Mike came along and enhanced the idea. Great teamwork guys! I vote to put you two in charge of the criminal justice system, vigilante and otherwise.

Sg

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#479624 - 01/14/09 05:44 PM Re: Oil Manipulation traced to Enron [Re: Salmo g.]
Mikespike Offline
MPD

Registered: 01/02/08
Posts: 2544
Loc: Santa Rosa, CA
Salmo-

Remember where I said I'd take their funds away from them? That money would be used to pay for the "program" - you know, the lighter fluid, snakes, etc. I haven't really put too much thought into this, can't you tell? wink

And for Dan's quicker, painful death scenarios, I say use a couple of the first cheatin' bastards as an example of what the rest of them will get for good behavior - a quicker death. smile
_________________________
Don't believe everything that you think.

"Holy hell son, you're about as useful as a cock flavored lollipop."

Top
#479630 - 01/14/09 06:11 PM Re: Oil Manipulation traced to Enron [Re: Mikespike]
The Moderator Offline
The Chosen One

Registered: 02/09/00
Posts: 13942
Loc: Tuleville
This is starting to remind me of that scene in History of the World....

rofl

Roman Officer: Do you know the penalty for a slave who strikes a Roman citizen?
[people in the crowd raise hands enthusiastically]
Roman Officer: Ok, you... you had your hand up first.
Man in crowd: Death by torture!
Roman Officer: No... You?
Man in crowd: Crucifixion!
Roman Officer: Wrong! You?
Man in crowd: They shove a living snake up your ass!
Roman Officer: Ah, no... but that's very creative!

thumbs
_________________________
Tule King Paker

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#479637 - 01/14/09 07:00 PM Re: Oil Manipulation traced to Enron [Re: ]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
Chuck,

Actually I have no fear whatsoever of other people setting themselves on fire, so you can't really call it a phobia. A disturbing obsession, maybe.

rofl
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

Top
#479643 - 01/14/09 07:25 PM Re: Oil Manipulation traced to Enron [Re: Dan S.]
Jhook Offline
Returning Adult

Registered: 09/20/05
Posts: 247
Loc: Columbia City
I have to laugh when people actually call for swift punishment from the new administration. Do you really believe it will happen? Does anyone believe a liberal bent person can support true justice? More like finding them guilty and giving them an alternative sentence of acknowledging their guilt, begging the forgiveness of the courts and being allowed to keep all the fruits of their ill gotten gain, nevermore to err in their ways. EEEERRRR!

That's the real left world folks. Get used to it! I see it happen every day.

We don't even want to make life a little uncomfortable for people who want to completely eliminate our way of life. Talk is cheap!
_________________________


Otherwise I'm retired!

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#479644 - 01/14/09 07:46 PM Re: Oil Manipulation traced to Enron [Re: Jhook]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
Yeah? And how many were REALLY punished during the Enron fiasco the first time?

You just can't get it through your thick skull that money will buy your way out of justice in this country regardless of WHO is in office. I'm sure the knobs who hired these market manipulators after the Enron debacle so they could do it AGAIN in the oil industry were all lefties.

Way not to miss an opportunity to be a party ballwasher.
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

Top
#479650 - 01/14/09 08:56 PM Re: Oil Manipulation traced to Enron [Re: ]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
Mwa ha ha ha ha ha ha ha!!

We'll get those f''ers, Chuck!! rofl
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

Top
#479664 - 01/14/09 10:43 PM Re: Oil Manipulation traced to Enron [Re: ]
John Lee Hookum Offline
River Nutrients

Registered: 10/12/01
Posts: 2453
Loc: Area 51
Originally Posted By: Jhook
I have to laugh when people actually call for swift punishment from the new administration. Do you really believe it will happen? More like finding them guilty and giving them an alternative sentence of acknowledging their guilt, begging the forgiveness of the courts and being allowed to keep all the fruits of their ill gotten gain, nevermore to err in their ways. EEEERRRR!

That's the real left world folks. Get used to it! I see it happen every day.

We don't even want to make life a little uncomfortable for people who want to completely eliminate our way of life. Talk is cheap!


Yep! The United Snakes....Home of the Thieves......Land of the slaves..Who stole my money? beathead
_________________________

Whoever undertakes to set himself up as a judge of
Truth and Knowledge is shipwrecked by the laughter
of the gods.

-- Albert Einstein



Top
#479844 - 01/15/09 11:27 PM Re: Oil Manipulation traced to Enron [Re: Dan S.]
Jhook Offline
Returning Adult

Registered: 09/20/05
Posts: 247
Loc: Columbia City
Originally Posted By: Dan S.
Yeah? And how many were REALLY punished during the Enron fiasco the first time?

You just can't get it through your thick skull that money will buy your way out of justice in this country regardless of WHO is in office. I'm sure the knobs who hired these market manipulators after the Enron debacle so they could do it AGAIN in the oil industry were all lefties.

Way not to miss an opportunity to be a party ballwasher.


If you knew half as much as you think you know about the system, you would know that few conservative judges are corrupt. Liberal judges don't have to be corrupt, they just don't believe in strong sanctions. Neither do liberal attorneys. As Michael Savage says, "they are just seeeensitive!"

Nothing I'd like better than to see harsh justice. Like we had in Gauntanamo. Do you suppose money is going to buy them out? Looks like that place is gone. Damn conservatives for starting it up anyway!
_________________________


Otherwise I'm retired!

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#479845 - 01/15/09 11:33 PM Re: Oil Manipulation traced to Enron [Re: Jhook]
BCB Offline
Returning Adult

Registered: 11/15/08
Posts: 289
Loc: LynnHood
Originally Posted By: Jhook
Originally Posted By: Dan S.
Yeah? And how many were REALLY punished during the Enron fiasco the first time?

You just can't get it through your thick skull that money will buy your way out of justice in this country regardless of WHO is in office. I'm sure the knobs who hired these market manipulators after the Enron debacle so they could do it AGAIN in the oil industry were all lefties.

Way not to miss an opportunity to be a party ballwasher.


If you knew half as much as you think you know about the system, you would know that few conservative judges are corrupt. Liberal judges don't have to be corrupt, they just don't believe in strong sanctions. Neither do liberal attorneys. As Michael Savage says, "they are just seeeensitive!"

Nothing I'd like better than to see harsh justice. Like we had in Gauntanamo. Do you suppose money is going to buy them out? Looks like that place is gone. Damn conservatives for starting it up anyway!


Leunitis speaks....
_________________________
Just your average SteelHead Junky!




"I LOVE IT WHEN A PLAN COMES TOGETHER!"
Col. John "Hannibal" Smith

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#479846 - 01/15/09 11:44 PM Re: Oil Manipulation traced to Enron [Re: BCB]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
Oh, I get it.

You know all about the whole US Justice system because you were a cop from Columbia City.

Got it.

Michael Savage? Yeah, good one.
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

Top
#479853 - 01/16/09 12:11 AM Re: Oil Manipulation traced to Enron [Re: Dan S.]
Magicfly Offline
River Nutrients

Registered: 01/13/07
Posts: 3359
Loc: Pasco Bulldog country
Magicfly endorses Michael Savage.

Mf
_________________________
Born again with IRON MAIDEN!

"Go hard, today Can't worry the past, coz that yesterday". GO COUGS!!!



Top
#479854 - 01/16/09 12:12 AM Re: Oil Manipulation traced to Enron [Re: Magicfly]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
I'm shocked. rofl
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

Top
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